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151 announcements match the current filters (relevance ≥ 5).
Capital Trust Reports Q3 Net Loss of ₹2.43 Cr; Total Income Drops 55% YoY
Capital Trust Limited reported a significant downturn in its Q3 FY26 results, posting a net loss of ₹243.11 Lakhs compared to a profit of ₹5.88 Lakhs in the year-ago period. Total income plummeted by over 55% YoY to ₹1,129.61 Lakhs as the company adopted a cautious lending approach due to collection challenges in the unsecured segment. To mitigate risks, the company is pivoting towards a Gold Loan product and recently bolstered its capital by raising ₹2,381 Lakhs through a Rights Issue. An exceptional item of ₹91.47 Lakhs was also recorded due to the implementation of New Labour Codes.
Key Highlights
Net Loss of ₹2.43 Crore in Q3 FY26 versus a Net Profit of ₹0.06 Crore in Q3 FY25.
Total Income declined 55.2% YoY to ₹11.30 Crore from ₹25.20 Crore in the previous year's quarter.
Successfully raised ₹23.81 Crore through a Rights Issue at ₹14 per share in November 2025.
Cumulative 9-month loss stands at ₹28.64 Crore compared to a profit of ₹1.03 Crore in 9M FY25.
Exceptional loss of ₹91.47 Lakhs recognized as past service cost for gratuity under New Labour Codes.
👀 What to Watch
Investors should exercise caution as the company faces severe headwinds in unsecured lending and a shrinking asset base. Monitor the successful rollout and scalability of the new Gold Loan product as a potential recovery catalyst.
Capital Trust Reports 100% Utilization of ₹23.81 Cr Rights Issue Proceeds with Zero Deviation
Capital Trust Limited has successfully utilized the entire ₹23.81 crore raised through its Rights Issue conducted in late 2025. The monitoring agency, Brickwork Ratings, confirmed that there were no deviations from the objects stated in the offer document. The funds were primarily used for adjusting promoter loans (₹10.00 crore) and augmenting the capital base for lending (₹6.85 crore). This completion of fund deployment marks a key milestone in the company's capital management and deleveraging strategy.
Key Highlights
Raised ₹23.81 crore through a Rights Issue of 1.70 crore equity shares at ₹14 each
Allocated ₹10.00 crore for the adjustment of unsecured loans from promoters and group entities
Deployed ₹6.85 crore to strengthen the capital base for future onward lending activities
Monitoring agency confirmed 100% utilization with zero deviation from the offer document as of Dec 31, 2025
General Corporate Purposes and Issue Expenses accounted for the remaining ₹6.96 crore
👀 What to Watch
The successful and transparent deployment of capital is a positive signal for shareholders. Investors should now monitor the company's upcoming quarterly results to see if the augmented capital base translates into loan book growth and improved interest income.
Centrum Capital Q3 FY26 Net Loss Widens to ‑₹134.6 Crore; Total Income at ₹938.8 Crore
Centrum Capital reported a significant widening of its consolidated net loss to ₹134.6 crore for the quarter ended December 31, 2025, compared to a loss of ₹68.6 crore in the same period last year. While total income grew slightly to ₹938.8 crore from ₹894.7 crore, total expenses surged to ₹1,097.6 crore, primarily driven by higher finance costs and impairment on financial instruments. For the nine-month period, the net loss reached ₹250.1 crore, significantly higher than the ₹172.8 crore loss in the previous year. The company also raised ₹72.72 crore through debentures during the quarter to support operations.
Key Highlights
Consolidated net loss widened to ₹134.6 crore in Q3 FY26 from ₹68.6 crore in Q3 FY25.
Total income for the quarter stood at ₹938.8 crore, up from ₹894.7 crore year-on-year.
Finance costs increased to ₹439.3 crore, while impairment on financial instruments rose to ₹175.6 crore.
Nine-month (9M FY26) consolidated loss expanded to ₹250.1 crore compared to ₹172.8 crore in 9M FY25.
Raised ₹72.72 crore through the issuance of debentures during the quarter.
👀 What to Watch
The widening losses and high impairment costs are concerning; investors should monitor the performance of key subsidiaries like Unity Small Finance Bank. Avoid fresh positions until there is a clear path to profitability or a significant reduction in credit costs.
Centrum Capital Reports Q3 FY26 Net Loss of ₹134.6 Crore; Revenue at ₹878.4 Crore
Centrum Capital reported a consolidated net loss of ₹134.6 crore for the quarter ended December 31, 2025, a significant increase from the ₹68.6 crore loss in the same period last year. Total revenue from operations remained relatively flat year-on-year at ₹878.4 crore, while total expenses surged to ₹1,097.6 crore. For the nine-month period ended December 2025, the company's total loss reached ₹250.1 crore compared to ₹172.8 crore in the previous year. Despite the losses, the company successfully raised ₹72.72 crore through debentures during the quarter.
Key Highlights
Consolidated net loss widened to ₹134.6 crore in Q3 FY26 from ₹68.6 crore in Q3 FY25.
Total revenue from operations for the quarter stood at ₹878.4 crore, showing marginal growth from ₹877.5 crore YoY.
Finance costs and employee benefit expenses remained high at ₹439.3 crore and ₹183.0 crore respectively.
Loss per share (EPS) for the quarter was negative at ₹2.23 compared to negative ₹1.26 in the year-ago quarter.
The company raised ₹7,272 lakhs through the issuance of debentures during the quarter ended December 31, 2025.
👀 What to Watch
Investors should exercise caution as the company continues to report widening losses and high finance costs. It is advisable to monitor the path to profitability for its key subsidiaries, including Unity Small Finance Bank and Centrum Housing Finance.
TruAlt Bioenergy Q3 Revenue Surges 70% YoY; All 5 Ethanol Plants Now Fully Operational
TruAlt Bioenergy reported a robust 70% YoY growth in Q3 total income to ₹730.86 crore, driven by the commissioning of its fifth ethanol unit. While 9M PAT grew marginally to ₹35.92 crore, the company has established a monthly revenue run rate of ₹350-400 crore in the ethanol segment. The CBG business remains highly profitable with a 63% EBITDA margin, and the company is scaling up with 24 new units via JVs with GAIL and Sumitomo. Management expects stronger momentum in Q4 as capacity utilization stabilizes across all units.
Key Highlights
Total income for Q3 FY26 rose 70% YoY to ₹730.86 crore; 9M income reached ₹1,187 crore.
Ethanol segment achieved a monthly revenue run rate of ₹350-400 crore with all 5 plants now operational.
CBG business reported robust 9M EBITDA margins of 63% and PAT margins of 43%.
Planned expansion of 24 Greenfield CBG units through JVs with Sumitomo and GAIL over 2-3 years.
Advancing a 100 million liters per annum Sustainable Aviation Fuel (SAF) facility in Andhra Pradesh.
👀 What to Watch
Investors should monitor the ramp-up in ethanol production and the execution of the CBG JVs, which offer high-margin growth. The stock remains a key play on India's biofuel and energy transition mandates.
TruCap Finance Reports ₹42.2 Cr Net Loss in Q3 FY26; Warns of Covenant Breaches and Asset Stress
TruCap Finance Limited reported a severe net loss of ₹42.23 crore for the quarter ended December 31, 2025, a sharp reversal from a profit of ₹1.23 crore in the same quarter last year. Total income plummeted by 70% YoY to ₹15.81 crore as the company faced resource limitations and a rundown of its loan book. Critically, the management disclosed that the company has breached several financial covenants and currently has inadequate security cover for its borrowings. These breaches constitute potential events of default, allowing lenders to demand immediate repayment, which poses a significant liquidity risk.
Key Highlights
Net Loss of ₹42.23 crore in Q3 FY26 compared to a profit of ₹1.23 crore in Q3 FY25.
Impairment on financial instruments surged to ₹35.25 crore from ₹1.36 crore YoY.
Total Income fell sharply to ₹15.81 crore from ₹52.64 crore in the previous year's quarter.
Management admitted to non-compliance with financial covenants and inadequate security cover on secured borrowings.
Other Equity dropped significantly to ₹43.76 crore from ₹209.64 crore YoY due to accumulated losses.
👀 What to Watch
Investors should exercise extreme caution as the company is signaling high financial distress and potential debt defaults. The significant surge in impairments and breach of lending covenants suggest a high risk of insolvency or severe restructuring.
TruCap Finance Reports ₹42.2 Cr Net Loss in Q3 FY26 Amid Severe Asset Quality Stress
TruCap Finance Limited reported a disastrous Q3 FY26 with a net loss of ₹42.23 crore, a sharp reversal from a profit of ₹1.23 crore in the previous year. Total income plummeted by 70% YoY to ₹15.81 crore as the company faced resource limitations and a rundown of its loan book. The company is currently under significant financial stress, reporting a massive surge in impairment charges to ₹35.25 crore and admitting to breaches in financial covenants with lenders. Auditors have highlighted inadequate security cover for borrowings, signaling potential liquidity and default risks.
Key Highlights
Net Loss of ₹42.23 crore in Q3 FY26 compared to a profit of ₹1.23 crore in Q3 FY25
Total Income fell 70% YoY to ₹15.81 crore from ₹52.64 crore
Impairment on financial instruments surged to ₹35.25 crore from ₹1.36 crore YoY
Non-compliance with financial covenants reported, potentially triggering immediate repayment demands from lenders
Auditors flagged inadequate security cover on secured borrowings and continued financial deterioration
👀 What to Watch
Investors should exercise extreme caution as the company faces severe liquidity risks, asset quality deterioration, and potential debt defaults. The massive impairment losses and covenant breaches suggest a high risk of capital erosion.
TruCap Finance Reports ₹42.2 Cr Net Loss in Q3 FY26 Amid Asset Quality Stress and Debt Defaults
TruCap Finance reported a standalone net loss of ₹42.23 crore for Q3 FY26, a sharp decline from a profit of ₹1.23 crore in the previous year. Total income dropped 70% YoY to ₹15.81 crore, while impairment charges surged to ₹35.25 crore due to deteriorating asset quality. The company admitted to non-compliance with financial covenants and inadequate security cover for borrowings, raising risks of immediate repayment demands. Management is currently in discussions with lenders for restructuring and seeking fresh capital to maintain operations.
Key Highlights
Standalone net loss of ₹42.23 crore in Q3 FY26 compared to a profit of ₹1.23 crore in Q3 FY25
Total income declined significantly to ₹15.81 crore from ₹52.64 crore in the year-ago quarter
Impairment on financial instruments increased drastically to ₹35.25 crore from ₹1.36 crore YoY
Auditor's report flags inadequate security cover and defaults in certain borrowings due to financial stress
Breach of financial covenants may entitle lenders to demand immediate repayment of outstanding debt
👀 What to Watch
The company is in a state of severe financial distress with potential debt defaults and significant asset quality issues. Investors should exercise extreme caution and monitor the company's ability to restructure debt and raise fresh capital to avoid further erosion of equity.
SEBI Rejects Open Offer Withdrawal for TruCap Finance; Acquirer Appeals to SAT
Marwadi Chandarana Intermediaries Brokers Private Limited sought to withdraw its open offer for TruCap Finance after terminating agreements to acquire over 15 crore shares and 9.37 crore warrants. SEBI has rejected this withdrawal request and issued observations on the Draft Letter of Offer on January 30, 2026. The acquirer has filed an appeal with the Securities Appellate Tribunal (SAT), with a hearing scheduled for February 11, 2026. As of now, no stay has been granted on the offer proceedings, leaving the acquisition status in a state of legal flux.
Key Highlights
SEBI rejected the acquirer's request to withdraw the open offer under Regulation 23 of Takeover Regulations.
The deal involved acquisition of 3,68,00,220 shares via SPA and 11,56,80,000 shares via SSA.
The acquirer also planned to subscribe to 9,37,00,000 convertible warrants of the Target Company.
An appeal has been filed with the Securities Appellate Tribunal (SAT) with a hearing fixed for Feb 11, 2026.
No stay has been granted on the offer proceedings as of the latest intimation on Feb 10, 2026.
👀 What to Watch
Investors should exercise caution and monitor the SAT hearing outcome on February 11, 2026, as it will decide if the open offer must proceed. The acquirer's attempt to withdraw indicates a potential loss of interest, which may impact the stock's valuation if the deal falls through.
TruAlt Bioenergy Wins Court Order for ₹1,075 Cr Ethanol Supply Extension
TruAlt Bioenergy has received a favorable ruling from the Hon’ble High Court of Karnataka regarding a shortfall in ethanol supply to Oil Marketing Companies (OMCs). The court has directed OMCs to consider the company's request for a 90-day extension to supply 1,56,292 KL of ethanol originally allocated for Q3 and Q4 of ESY 2024-25. This quantity carries an estimated value of approximately ₹1,075 crore, and the extension would allow the company to fulfill its contractual obligations and recognize the associated revenue. The OMCs are required to decide on the company's representation within 10 days of the order receipt.
Key Highlights
High Court of Karnataka allowed the writ petition for a 90-day extension to supply ethanol shortfall.
The dispute involves 1,56,292 KL of ethanol allocated for the Third and Fourth quarters of ESY 2024-25.
The estimated value of the contracted quantity under consideration is approximately ₹1,075 crore.
OMCs including BPCL, HPCL, and IOCL are directed to consider the representation within 10 days.
Successful fulfillment of these quantities is expected to have a positive impact on the company's financial performance.
👀 What to Watch
Investors should view this as a significant positive development that potentially secures ₹1,075 crore in revenue; monitor for the OMCs' formal approval of the extension within the next two weeks.
Jyoti Structures Appoints Industry Veteran Amit Dutta as COO with 36 Years of Experience
Jyoti Structures Limited has announced the appointment of Mr. Amit Dutta as its Chief Operating Officer (COO) effective February 5, 2026. Mr. Dutta is a seasoned professional with 36 years of experience in the power transmission and distribution (T&D) sector. His expertise covers business development, project execution, and contract management for high-voltage and extra-high-voltage projects globally. This strategic hire is expected to enhance the company's operational efficiency and project delivery capabilities.
Key Highlights
Appointment of Mr. Amit Dutta as Chief Operating Officer (COO) effective February 5, 2026
Mr. Dutta brings 36 years of specialized experience in the transmission and distribution sector
Expertise includes delivering high-voltage (HV) and extra-high-voltage (EHV) projects in India and international markets
Focus areas include business development, tendering, project execution, and cost/time control management
👀 What to Watch
Investors should view this as a positive step toward strengthening operational leadership, though they should monitor if this translates into improved project execution and margin control in future earnings.
Jyoti Structures Appoints 36-Year Industry Veteran Amit Dutta as Chief Operating Officer
Jyoti Structures has appointed Amit Dutta as Chief Operating Officer to oversee its global EPC portfolio and improve project execution. Mr. Dutta brings 36 years of experience in power transmission and distribution, including a prior 30-year tenure at the company. This leadership addition follows the company's recent expansion of its Nashik manufacturing unit and reported strong Q3 FY2025-26 performance. The move is intended to strengthen operational governance and ensure cost-efficient delivery across its international projects in over 50 countries.
Key Highlights
Amit Dutta appointed as COO, bringing 36 years of experience in the T&D sector.
Dutta rejoins the company after a 6-year stint leading EPC projects in Africa and the Americas.
The appointment follows the recent commissioning of galvanisation operations at the Nashik factory.
Focus will be on execution discipline and cost-efficient delivery for the company's global EPC portfolio.
Company maintains operations across 50+ countries with a legacy of over four decades.
👀 What to Watch
Investors should view this as a positive step toward institutionalizing operational discipline. Monitor if this leadership change translates into improved project margins and faster execution of the current order book.
TruAlt Bioenergy Q3 FY26 Revenue Jumps 70% to ₹731 Cr; EBITDA Up 7.5%
TruAlt Bioenergy reported a robust 69.75% YoY growth in total income to ₹730.86 crore for Q3 FY26, driven by the commissioning of grain-based integration and expanded plant operations. While EBITDA grew 7.54% to ₹134 crore, PAT saw a slight decline of 7.98% to ₹69.19 crore due to transitional operating factors. The company has achieved full operational status for all five ethanol plants, positioning it for near year-round production. Strategic expansions are underway in Compressed Biogas (CBG) with 24 planned units and a 100 million litre Sustainable Aviation Fuel (SAF) project.
Key Highlights
Total income increased 69.75% YoY to ₹730.86 crore in Q3 FY26.
EBITDA rose to ₹134.00 crore, though consolidated EBITDA margins compressed to 18.79% from 30.02% YoY.
Ethanol production capacity stabilized at 5.5 to 6 crore litres per month with all 5 units now operational.
CBG segment recorded 63% EBITDA margins for 9M FY26 with plans for 24 greenfield units via JVs with GAIL and Sumitomo.
Progressing on a 100 million litres per annum SAF facility in Andhra Pradesh with Honeywell UOP technology.
👀 What to Watch
Investors should focus on the company's ability to restore margins as it moves past the 'transitional' phase into full-scale operations. The aggressive diversification into CBG and SAF offers significant long-term growth potential, but execution of the JV projects remains the primary monitorable.
Spectrum Electrical to Acquire 100% Stake in Alric Electric for Rs 1.25 Crore
Spectrum Electrical Industries has approved the acquisition of a 100% equity stake in Alric Electric Private Limited for a cash consideration not exceeding Rs 1.25 crore. Alric Electric is a rapidly growing entity in the switchgear and electrical products space, reporting a massive turnover jump from Rs 3.3 crore in FY24 to Rs 57.47 crore in FY25. The acquisition is a strategic move for forward integration, allowing Spectrum to gain control over branding, distribution, and high-growth segments like EV charging systems. The transaction is expected to be completed within 30 days, significantly expanding Spectrum's consolidated revenue base.
Key Highlights
Acquisition of 100% equity stake in Alric Electric Private Limited for a maximum cost of Rs 1.25 crore
Target company turnover surged from Rs 3.3 crore in FY24 to Rs 57.47 crore in FY25
Strategic expansion into EV charging systems, switchgear, and advanced electrical protection components
Acquisition to be completed in cash within a 30-day timeline
Enables forward integration into branding, marketing, and retail distribution networks
👀 What to Watch
Investors should monitor this acquisition closely as it adds a high-growth revenue stream at a seemingly attractive valuation relative to the target's turnover. The move into EV charging and retail branding could provide long-term valuation rerating for Spectrum.
Centrum Capital Receives RBI Approval for Sale of Stake in Centrum Housing Finance
Centrum Capital has received a crucial regulatory approval from the Reserve Bank of India (RBI) on February 3, 2026, for the sale of its entire stake in its material subsidiary, Centrum Housing Finance Limited (CHFL). The stake is being transferred to Weaver Services Private Limited as per the Share Purchase Agreement signed on August 22, 2025. This approval marks a significant milestone in the divestment process, although final closure remains subject to other conditions precedent. The company issued a corrigendum to correct the RBI approval date from 2025 to 2026.
Key Highlights
RBI approval granted on February 3, 2026, for change in control and acquisition of CHFL by Weaver Services.
Centrum Capital is divesting its entire stake in its material subsidiary, Centrum Housing Finance Limited.
The transaction follows the Share Purchase Agreement (SPA) originally entered into on August 22, 2025.
Final transaction closure is pending the fulfillment of remaining conditions precedent specified in the SPA.
👀 What to Watch
Investors should monitor the final closure of this deal as it represents a significant capital unlocking event for Centrum Capital. The successful divestment of the housing finance arm could improve the company's liquidity and focus on core operations.
Centrum Capital Receives RBI Approval for Sale of Centrum Housing Finance Stake
Centrum Capital has received a critical regulatory approval from the Reserve Bank of India (RBI) for the sale of its entire stake in its material subsidiary, Centrum Housing Finance Limited (CHFL). The stake is being acquired by Weaver Services Private Limited, following a Share Purchase Agreement (SPA) signed in August 2025. This approval marks a significant milestone in the divestment process, although final closure remains subject to other conditions precedent. The move is expected to help Centrum Capital unlock value and potentially strengthen its balance sheet.
Key Highlights
RBI approved the change in control and acquisition of CHFL by Weaver Services on February 3, 2025.
Centrum Capital is divesting its entire stake in its material subsidiary, Centrum Housing Finance.
The transaction follows the Share Purchase Agreement initially executed on August 22, 2025.
Final transaction closure is now pending only the remaining conditions precedent specified in the SPA.
👀 What to Watch
Investors should view this as a positive development as it clears a major regulatory hurdle for the company's divestment plan. Monitor for further updates regarding the final transaction value and the intended use of the sale proceeds.
TruAlt Bioenergy 9M FY26 Income Rises 13% to ₹1,187 Cr; Ethanol Capacity Hits 2,000 KLPD
TruAlt Bioenergy reported a 13.28% YoY growth in consolidated total income to ₹1,187.05 crore for the nine months ended December 31, 2025. While EBITDA grew by 10% to ₹170.99 crore, PBT saw a marginal decline of 4.72% due to higher finance costs and depreciation following the commissioning of new grain-based capacities. The company has successfully transitioned to a year-round multi-feed platform, achieving a monthly revenue run rate of ₹350-400 crore in its ethanol segment.
Key Highlights
Consolidated 9M FY26 Total Income reached ₹1,187.05 Cr with a PAT of ₹35.92 Cr.
Ethanol capacity reached 2,000 KLPD with 65% dual-feed integration, enabling near year-round operations.
CBG segment demonstrated high profitability with an EBITDA margin of 63% and PAT margin of 43% for 9M FY26.
Proposed ₹2,250 Cr investment in a 100 million liters/annum Sustainable Aviation Fuel (SAF) facility in Andhra Pradesh.
Retail fuel network expanded to 7 operational outlets with a target to scale to 75 outlets in FY27.
👀 What to Watch
Investors should focus on the company's transition from a seasonal to a year-round producer and the high-margin potential of its CBG and upcoming SAF segments. Monitor the stabilization of finance costs as the recent capital expenditure begins to reflect fully in the bottom line.
TruAlt Bioenergy Q3 FY26 Revenue Surges 72% YoY to ₹713 Cr; Net Profit at ₹69 Cr
TruAlt Bioenergy reported a robust 71.8% year-on-year growth in consolidated revenue, reaching ₹71,323.75 lakhs for the quarter ended December 31, 2025. Despite the revenue jump, net profit saw a slight decline of 8% to ₹6,918.95 lakhs compared to ₹7,519.22 lakhs in the same period last year, primarily due to higher finance costs and operational seasonality. This marks the company's first full quarter of reporting since its listing in October 2025. The company also progressed on its Joint Venture with Sumitomo Corporation and is awaiting regulatory clearance for its Unit 5 facility.
Key Highlights
Consolidated Revenue from Operations increased to ₹71,323.75 lakhs from ₹41,511.40 lakhs YoY.
Net Profit for Q3 FY26 stood at ₹6,918.95 lakhs with an EPS of ₹8.07.
Utilized ₹51,937 lakhs of the ₹75,000 lakhs IPO proceeds for capex and working capital.
Executed a Joint Venture agreement with Sumitomo Corporation for a 49% stake in TruAlt Gas Private Limited.
Unit 5 remains non-operational pending 'Consent to Operate' (CTO) from regulatory authorities.
👀 What to Watch
Investors should monitor the timeline for Unit 5's operational clearance and the impact of dual-feed conversions on future margins. While top-line growth is strong, the slight dip in profitability and high finance costs warrant a cautious but observant approach.
TruAlt Bioenergy Q3 FY26 PAT at ₹69.19 Cr; Revenue Surges to ₹713.24 Cr Post-Listing
TruAlt Bioenergy reported a significant turnaround in Q3 FY26, posting a consolidated net profit of ₹69.19 crore compared to a loss of ₹37.94 crore in the previous quarter. Revenue from operations surged to ₹713.24 crore as the company moved out of the seasonal off-period and Unit 1 resumed operations in November 2025. The company successfully utilized ₹519.37 crore of its ₹750 crore IPO proceeds towards capex and working capital. Furthermore, a strategic Joint Venture agreement was executed with Sumitomo Corporation for its gas subsidiary.
Key Highlights
Consolidated Revenue from Operations grew to ₹713.24 crore in Q3 FY26 from ₹114.86 crore in Q2 FY26.
Net Profit for the quarter stood at ₹69.19 crore, rebounding from a sequential loss of ₹37.94 crore.
IPO proceeds of ₹519.37 crore utilized out of ₹750 crore, with ₹140.13 crore spent on capital expenditure.
Executed JV agreement with Sumitomo Corporation for a 49% equity interest in TruAlt Gas Private Limited.
Unit 1 became operational in November 2025 following dual-feed capability conversion; Units 2, 4, and 5 are yet to reach normalized levels.
👀 What to Watch
The sharp sequential recovery in earnings and efficient utilization of IPO funds are positive indicators for this newly listed entity. Investors should monitor the operationalization of Unit 5 and the progress of dual-feed conversions at other units to gauge full-year earning potential.
Kabra Extrusion Q3 FY26 Revenue at ₹ 1,103 Mn; EBITDA Slumps to ₹ 15 Mn
Kabra Extrusion reported a revenue of ₹ 1,103 Mn for Q3 FY26, with the core Extrusion Machinery division contributing ₹ 756 Mn and the Geon (battery) segment adding ₹ 348 Mn. The company's EBITDA for the quarter was notably low at ₹ 15 Mn, reflecting significant margin pressure during a self-described transitional phase. Management attributed the slowdown to global economic conditions and a temporary halt in domestic government spending on infrastructure projects like the Jal Jeevan Mission. Despite the current weakness, the company is optimistic about a revival in government CAPEX and growth in its EV battery and BESS programs.
Key Highlights
Operating Revenues for Q3 FY26 stood at ₹ 1,103 Mn, with 9M FY26 revenue totaling ₹ 3,309 Mn.
EBITDA for the quarter was ₹ 15 Mn, representing a very thin margin of approximately 1.36%.
Extrusion Machinery revenue was ₹ 756 Mn for Q3, while the Geon (formerly Battrixx) segment contributed ₹ 348 Mn.
Management cited a temporary slowdown in the Plastic Extrusion division due to global headwinds and paused Jal Jeevan Mission spending.
The company is pivoting towards high-voltage battery packs, BESS, and battery swapping infrastructure for future revenue visibility.
👀 What to Watch
Investors should exercise caution as the company faces significant margin compression and dependency on government infrastructure spending. It is advisable to wait for signs of recovery in the Extrusion segment and better profitability in the Geon battery business before increasing exposure.
